MongoDB (NASDAQ:MDB) Price Target Raised to $435.00

MongoDB (NASDAQ:MDB) had its target price lifted by Citizens Jmp from $375.00 to $435.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other analysts also recently issued reports on MDB. Cantor Fitzgerald increased their price objective on shares of MongoDB from $312.00 to $406.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Weiss Ratings restated a “sell (e+)” rating on shares of MongoDB in a research note on Wednesday, October 8th. Barclays raised their price target on shares of MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Bank of America lifted their price target on shares of MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Rosenblatt Securities upped their price objective on shares of MongoDB from $305.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.97.

MongoDB Price Performance

NASDAQ:MDB opened at $355.83 on Tuesday. The business’s 50-day moving average is $327.18 and its two-hundred day moving average is $247.87. The firm has a market capitalization of $28.95 billion, a PE ratio of -363.09 and a beta of 1.52. MongoDB has a 12 month low of $140.78 and a 12 month high of $385.44.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.MongoDB’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 33,320 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the sale, the chief executive officer owned 203,237 shares in the company, valued at approximately $61,233,275.73. This trade represents a 14.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,492 shares of company stock worth $34,213,359 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in shares of MongoDB in the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. boosted its holdings in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. Montag A & Associates Inc. increased its stake in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of MongoDB during the second quarter worth $36,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.